Mathematics, 20.04.2021 05:50, jamilamiller200

Leon took out a $27,000 loan to purchase a car. His payment terms options are listed below. Interest Rate (Compounded annually)

Term in Months

3.8%

60

3.8%

48

How much will he save if he repays the loan in 48 months instead of 60 months?

Answers: 1

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Leon took out a $27,000 loan to purchase a car. His payment terms options are listed below. Intere...